Investment funds, registrants and other market participants to receive filing relief from the Canadian securities regulators

In response to the mounting COVID-19 (coronavirus) crisis, the CSA announced on March 18, 2020, that it will provide blanket relief to a broad group of market participants, including registrants and investment funds, to accommodate a 45-day extension from some regulatory filings required to be made on or before June 1, 2020. This will include financial statements, management’s discussion and analysis, management reports of fund performance, annual information forms, technical reports, and certain other filings.

Those market participants choosing to rely on the relief and that are complying with the required pre-conditions will not need to file applications for management cease-trade orders or they will not be noted in default.

The CSA expects to publish further details about the relief shortly, which should hopefully provide greater clarification on the range of filings and pre-conditions.

We will keep you posted as further details become available.